Subject: File No. SR-NYSEArca-2021-90

Mar. 14, 2022



Dear SEC,

I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s 
largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States.

This is important for consumers and small individual investors. The futures ETF only allows bigger players to manipulate 
the market. If you want consumer protection and participation, as well as the opportunity to create economic growth, 
approve this ETF now.

Jim Gerling